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Spectral AI (MDAI) Cost of Revenue (2022 - 2025)

Spectral AI (MDAI) has disclosed Cost of Revenue for 4 consecutive years, with $2.2 million as the latest value for Q3 2025.

  • For the quarter ending Q3 2025, Cost of Revenue fell 51.82% year-over-year to $2.2 million, compared with a TTM value of $12.7 million through Sep 2025, down 14.5%, and an annual FY2024 reading of $16.3 million, up 60.25% over the prior year.
  • Cost of Revenue was $2.2 million for Q3 2025 at Spectral AI, down from $2.8 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $4.5 million in Q3 2024 and bottomed at $2.0 million in Q3 2023.
  • Average Cost of Revenue over 4 years is $3.2 million, with a median of $3.1 million recorded in 2023.
  • The sharpest move saw Cost of Revenue skyrocketed 128.96% in 2024, then tumbled 51.82% in 2025.
  • Year by year, Cost of Revenue stood at $3.8 million in 2022, then decreased by 25.19% to $2.9 million in 2023, then soared by 49.28% to $4.3 million in 2024, then tumbled by 48.99% to $2.2 million in 2025.
  • Business Quant data shows Cost of Revenue for MDAI at $2.2 million in Q3 2025, $2.8 million in Q2 2025, and $3.5 million in Q1 2025.